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LONDON - Sealand Capital Galaxy Limited (LSE:SCGL), a company listed on the London Stock Exchange (LON:LSEG), has announced the convening of general meetings for holders of two sets of equity warrant instruments. The meetings are set to take place on April 30, 2025, at Birchin Court in London, with the aim of seeking approval to extend the exercise period for these financial instruments.
The instruments in question include Equity Warrant Instrument Exercise Price £0.0025 dated January 10, 2025 (Instrument A), and Equity Warrant Instrument Exercise Price £0.004 (Instrument B). The proposed variation would extend the exercise period to the date falling three years after the publication of the FCA-approved prospectus or upon a Change of Control, whichever comes first.
Notices and explanatory circulars detailing the resolutions to be proposed have been dispatched to all registered holders of Instrument A and B. These documents will also be made available on the company’s website for public viewing.
The decision to hold the meetings on short notice is based on obtaining the necessary consent from the requisite number of warrant holders, as stipulated by the terms of the respective instruments.
The announcement is considered to contain inside information under the Market Abuse Regulation (EU) No. 596/2014, which is part of UK law following the European Union (Withdrawal) Act 2018.
This move by Sealand Capital Galaxy Limited reflects standard corporate governance practice, allowing warrant holders to participate in decisions that affect the terms of their investments. The outcome of these meetings will be closely watched by investors and market analysts, as changes to the exercise terms can impact the valuation and attractiveness of the warrants.
The information provided in this article is based on a press release statement from Sealand Capital Galaxy Limited.
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